Property News · March 15, 2020

Hong Kong property agents are quitting the industry as commissions slide 70 per cent in a shrinking market


Hong Kong’s property agents are bracing for the long haul as a shrinking market dents their take-home pay and forces some to quit the industry.Salaries, which are largely anchored by sales commissions, have dropped about two thirds in the current market slump, according to some agents, after buyers shunned showrooms and flat viewings this year to avoid contracting Covid-19.Falling stock prices and job losses have dented the wealth of homebuyers and investors, causing many to batten down the…

Source : South China Morning Post
Read more…Hong Kong property agents are quitting the industry as commissions slide 70 per cent in a shrinking market

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